Sona Resources arranges C$5 million private placement of stock, units

Offering brokered by Stonecap; proceeds will be used for exploration

By Devika Patel

Knoxville, Tenn., Nov. 19 - Sona Resources Corp. said it will conduct a private placement of stock and units on a marketed, best-efforts basis. Stonecap Securities Inc. is the agent for the C$5 million deal.

The company will raise C$2.5 million by selling units of one common share and one half-share warrant. It will raise C$2.5 million by selling flow-through common shares.

Settlement is expected Dec. 15.

Proceeds will be used for exploration, working capital and general corporate purposes.

Vancouver, B.C.-based Sona is a mineral exploration company.

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